HOW TO START A TUTORIAL CENTER BUSINESS IN NIGERIA
The educational sector is actually one of the fastest growing in the country today. It also offers entrepreneurs with a number of ways to start a business and make good amount of money. The options are so many that individuals can even decide to venture into a part that doesn’t require going as far as setting up a place. Education is important and as such, it’s something most individuals will definitely always looks at. The tutorial center business is of course, one of the many options available for individuals looking to get into the education community and make a business out of it. It is a fairly simple business to start and it doesn’t really require too much in starting.
The tutorial center business simply involves setting up a place where individuals willing to learn about a particular subject can come in to get adequate training in a conducive place of learning. It provides services such as teaching school students who want to take an exam or a particular test or just for basic school lessons with an opportunity to get such place. Tutorial centers have become something of a big deal in the country today as people now look to them as a nice way to learn about whatever course or subject they want and prepare them for exams in cases where they’ll be enrolling for one.
It’s not a new business and has been around for quite some time now. While most or rather the main target of tutorial centers is to prepare students for exams such as WAEC, NECO and so on, they could also be places where individuals learn about some other skills that are not even normally taught in a school. Things like computer appreciation, music and dancing, foreign language, cooking, event decoration, bead making and so much more can also be taken in tutorial centers. This, of course, is not like many tutorial centers in the country but they surely offer services which will get you customers over time.
As tutorial centers are not a new things and as they’re even so popular in the country, the business definitely makes a good option for individuals. The services gotten from tutorial centers are hugely in demand. Individuals are always interested in enrolling at these centers of learning whenever it’s time to take their exams. Like I’ve mentioned, exams like WAEC, NECO, JAMB and so on are major reasons why people enroll at tutorial centers and as the exams are yearly and always with a large turnout of applicants, it’s definitely something that will serve entrepreneurs who start the business well. The demand means you’ll be sure to get customers and that in turn translates to huge amounts of income.
The same way students are always moving in and out of a school every year is the same way a tutorial center operates. Except it’s just a basic skill or something that doesn’t require writing an exam, you’ll always receive new students and let old ones go yearly. This means as each year comes, you’re sure to get new candidates especially since the popular exams in the country that some of these tutorials centers are even created for are always conducted yearly.
The business can be started by anyone who has a knowledge of the regular school subjects and can teach them comfortably. In this case, it means that without this kind of training or educational qualifications, an individual might not be able to start one. If it’s a tutorial center for something other than training for exams, all you also need is a good knowledge of what you want to teach. Here, you don’t necessarily need an educational qualification to start especially if what you want to teach is not something that needs it at all.
Starting the business is not something really hard to do. You’ll need to know what you’re doing, that is, having a good idea and adequate knowledge of what you’re going to teach to be able to pass it on to others. Capital is also an important thing to consider for the business. It’s not always very huge but you’ll definitely need to get a couple of things including a place where the tutorial center will be located. The business is lucrative and judging by its demand, it’s something that will definitely bring in customers.
In the next sub heads, I’ll be discussing the steps involved in starting up a tutorial center business in Nigeria and some of the important factors that might prove useful to ensure that you’re getting customers, making your money and also being successful at the business you’re starting.
No matter what you’ve heard someone saying about a business and how well success is assured or how lucrative it would turn out, always try to do your own research. The research will not cost anything except your time and that time will prove to be well spent when the business starts and the successes starts coming in. It is important to do a thorough investigation about the business since you’re going to be investing your money into it and you’ve never been involved in the business. Some hours of research won’t hurt.
The research is always meant to give you an idea of what to expect and the challenges ahead to be faced. It teaches future entrepreneur how the business works and what success means. It shows the risks involved and the ways to tackle them. It also gives ideas on how to sustain the business and work towards more success. Imagine missing out on any of the mentioned points, it’s more like being less equipped about something especially something you plan to spend money on.
There are experts in the business, of course, so also look to advise from these individuals as they are most likely the best bet for reliable information on the business. Take note of even the smallest things during the research period and pay close attention to how to stay and survive in the business. The research is as important as anything in the business.
2. WRITE A BUSINESS PLAN
A business plan needs no introduction. It is equally as important as some of the other processes or things involved in the business. After a comprehensive and thorough research has been conducted, entrepreneurs must now put all their ideas into paper after, of course, deciding to start the business. The business plan will cover things like the way you plan to operate, the cost of several things, how you plan to market your business, future projections and also contingency plans.
The business plan serves a number of purposes. In cases where individuals might need to get investors or even get a loan, it will prove useful as it will contain all that needs to be known concerning the business. It is also going to serve as a point of reference for the proposed business.
3. SELECT A NICHE
There are tutorial centers for different subjects, exams and skills out there today. You’ll need to decide on the one that best suits you and your qualifications. Remember, you need to be well knowledgeable about what you want to teach, it’s highly important and will determine the success of the tutorial center and if you’ll get customers. It can be solely to prepare students for exams. It can also be for basic school lessons or just basic skills that people will be willing to learn. Whichever one it is, ensure you’re adequately trained and you can comfortably teach the subject(s).
4. CAPITAL, LOCATION AND EQUIPMENTS
Capital is always very important in starting any business. It determines how and when things can be done. In this case, the capital is not always very high depending on how you intend to set up. You’ll definitely need a location where the tutorial center will be located. Ensure you get a place with a conducive environment and make sure it’s not a difficult place to get and also not close to competitors. Things like board, marker, table, chairs, fans and more can then be gotten to the place. If you’ll also be employing tutors who will help handle some of the subjects, you can do that. It’s also going to be part of your budget for the capital. Lastly, registering the business and receiving a license from the appropriate regulatory authorities is a very important thing to do and the cost of doing it will also be taken from the capital.
This will be very important in getting you students to your place. First things first, ensure your tutorial fees are quite affordable. You can then advertise using social media or with banners, posters and flyers. Meet up with people and tell them about your tutorial center. Attend educational events and look to connect with people too. Word of mouth and referrals remain effective ways to also advertise your business.